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Ashtead will post a major jump in profits and revenues this week on the back of increasing structural change in the industry and a boost from the hurricanes in the US.

The equipment rental company will report its half year results on Tuesday, with analysts expecting pre-tax profits to be around £509m, 19.5pc higher than at the same point last year.

Consensus estimates for revenues suggest they will be 27.8pc up on the same six month period in 2016, at almost £1.85bn.

Ashtead has benefited in recent years from companies moving away from owning construction equipment and choosing to rent it instead. It provides kit from construction vehicles to plastic flooring for major events through A-Plant,...